Preparing for Open Enrollment during Pandemic

| posted in Blog, Newsletter

With the coronavirus showing no signs of slowing, health insurance is likely top of mind for your employees. Many of them will be anxious and it’s likely that they will be more engaged and interested in understanding whether their current coverage is sufficient should they be stricken by the virus. Not only that but due to social distancing and with many employees working remotely, employers will need to adjust their open enrollment procedures to make sure they are safe, efficient and a success for both them and their employees. This year in particular, it’s important that you use a multi-pronged…
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Some Insurers Step Up Group Health Plan Assistance

| posted in Blog, Newsletter

Some health insurers are helping workers who would otherwise lose health insurance maintain employee benefits during the COVID-19 pandemic, a new survey has found. Social distancing and stay-at-home orders have put the hurt on hundreds of thousands of businesses across the country, which has forced them to reduce employees’ hours, furlough them or lay them off. Besides all those employees seeing their pay drastically curtailed or disappear altogether, it also affects their employee benefits, with health coverage topping the list. With so many people concerned they may lose coverage and business owners equally worried about their employees, some insurers are…
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Want to Reimburse Your Staff for Health Premiums? A $36,500 per-employee Fine Lurks

| posted in Blog

By now, most business owners know about the yearly $2,000 per-employee fine they would face for not securing health coverage for their employees under the Affordable Care Act. But there is even a larger fine that threatens under recent regulations issued by the IRS – and it’s not for failing to secure coverage. It’s for helping them secure coverage from a public exchange or open private market. And it applies to ALL employers, even those that are small enough to not be required to provide insurance for their full-time employees under the ACA’s employer mandate. The fine? Up to $36,500…
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